FCA investigates WHSmith after major accounting error
The Financial Conduct Authority has opened an investigation into WHSmith following a significant accounting failure in its North American arm that wiped £600m from its value. Read the latest.
Category : Corporate News
WH Smith recovers bonuses after £50m accounting error
WH Smith launches clawback of executive bonuses as the FCA investigates a £50m profit overstatement in its US arm. The retailer pledges governance reforms.
Pacifica Group sees turnover surge to £42.8m
North East appliance repair firm Pacifica Group posts strong revenue growth and expanded operations, despite widening operating losses. CEO Kevin Brown hails a 'year of progress'. Read the full financial results.
Foster's lager alcohol content reduced by Heineken
Heineken UK is lowering the alcohol strength of Foster's lager from 3.7% to 3.4% ABV, citing duty savings and health trends. The change follows a similar move with Sol beer.
Conlon Construction chairman retires after 38 years
Michael Conlon retires as chairman of Preston's Conlon Construction after 38 years. Guy Parker succeeds him, leading the employee-owned firm into its next chapter.
Wave revenue surges past £550m on public sector success
Durham-based water retailer Wave reports revenue growth to £555m, driven by public sector contracts and the acquisition of tech firm Infersens. Read the full financial results.
Foster's Lager reduces alcohol content to 3.4% ABV
Heineken UK confirms Foster's Lager ABV will drop from 3.7% to 3.4% in February 2026. The brewer cites duty savings and responsible consumption as key reasons for the change.
Meghan Markle's Christmas Chocolate Bars Launch After Show Backlash
The Duchess of Sussex launches a festive chocolate trio priced at £8.99, following the critical mauling of her Netflix holiday special. Discover the flavours and the reaction.
Tekmar wins €8m offshore wind contract, outlook improves
County Durham's Tekmar Group secures an €8m contract for a major UK offshore wind farm, boosting its order backlog to £29m. CEO Richard Turner says the firm is on a much stronger footing than a year ago. Read the full update.
Octopus Energy Hits Record 90% Customer Satisfaction
Octopus Energy achieves a record-breaking 90% customer satisfaction rating in the latest Ofgem survey, far exceeding the national average. Discover why they lead the market.
Major brands' adverts banned over misleading green claims
The UK's advertising watchdog has banned adverts from Nike, Superdry and Lacoste for making misleading environmental claims. Read the full details of the rulings.
Jaguar Land Rover design chief dismissed
Gerry McGovern, the creative force behind Jaguar Land Rover's controversial 'woke' rebrand, has reportedly been escorted from the office and dismissed. Read the full story.
BBC's top earners revealed as Lineker leads for 8th year
The BBC's annual report discloses its highest-paid stars' salaries for 2024/25, with Gary Lineker earning £1.35m. The figures emerge as the broadcaster faces intense scrutiny over its corporate culture.
Andrea Bishop named BDO South West & Thames Valley Head
Andrea Bishop takes the helm at BDO's Thames Valley and South West region, overseeing 500 staff and 43 partners. Discover her plans for growth in audit, tax, and consulting.
Vodafone, EE, Three, O2 Face £1.1bn Loyalty Penalty Claim
Millions of UK mobile customers could receive up to £104 per contract in a massive £1.1bn class action lawsuit against Vodafone, EE, Three and O2 over alleged loyalty penalties. Find out if you're eligible.
Byron Burger rescued in third deal after major closures
The Byron burger chain has been bought out of administration for a third time in a decade. The new owners plan a UK and Dubai revival after 58 sites were axed.
North East Business Growth: Key Appointments Announced
Azets announces 19 promotions in Newcastle, part of a wave of key appointments across the North East's professional services and trades sectors, signalling strong regional growth.
Cornwall's oldest fishing business acquired
Falkland Islands-based Fortuna Ltd acquires Ocean Fish Group, Cornwall's oldest fishing business, aiming for £100m turnover by 2030 through global expansion.
Spencer Engineering's £4.3m loss amid 15% turnover growth
Hull's Spencer Engineering Group reports a £4.3m pre-tax loss after a £5.1m impairment on a green energy investment, but sees a 15% turnover rise to £70m and a strong order book.
Timber Group Collapse: 550+ Jobs Lost in UK
National Timber Group, the UK's largest independent timber distributor, enters administration with 561 redundancies and 13 site closures. Administrators launch urgent sale process.
Mobico slashes jobs in major cost-cutting drive
Mobico, owner of National Express, announces job cuts and lower profit forecasts. Shares initially fell 14% as the firm tackles UK coach competition and falling bus passenger numbers.
Business Leader Warns Against Benefit Cap Scrap
AO founder John Roberts brands plans to scrap the two-child benefit cap 'madness' ahead of the Autumn Budget, warning Labour must 'man up' and make difficult decisions.
Metals recycling firm Unimetals enters liquidation
Metals recycling firm Unimetals has filed for compulsory liquidation, putting 650 jobs at risk across 27 UK sites including Halesowen and Smethwick. Read the full story.
Amazon Sutton Coldfield Hosts RME Family Fun Day
Amazon's Sutton Coldfield site hosted a special fun day for its Reliability & Maintenance Engineering team and their families. Discover how the event celebrated their essential work.
Birmingham law firm collapses with job losses
Bell Lax Solicitors in Sutton Coldfield enters administration, resulting in redundancies. Discover the impact on the West Midlands legal sector and the reasons behind the collapse.
North East Business Appointments Fuel Regional Growth
Major North East firms including Hay & Kilner, True Potential and British Esports announce strategic appointments and promotions, signalling strong confidence in the region's economic future.
Law Firm Knights Sees 30% Revenue Growth in H1 2025
Law firm Knights announces 30% revenue growth to £103.2m and expands into Wales with a new Cardiff office. Discover how the firm plans to sustain its growth trajectory.
Truespeed names Nelson Missier as new chief executive
Bath-based broadband provider Truespeed announces Nelson Missier as its new CEO, succeeding James Lowther. Discover the leadership change shaping the UK's telecom sector.
Babcock profits jump 19% in strong first half
Defence giant Babcock reports a 19% profit rise to £201.1m, driven by nuclear and marine sectors. The FTSE-100 firm confirms it's on track to meet full-year targets. Read more.
Octopus Energy's Pink Friday: Free Treats for Customers
Octopus Energy launches Pink Friday, offering millions of 'Octoplus' customers free Greggs sausage rolls, cinema tickets, chocolates, and a chance to win electric cars from 24-28 November.
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